Shiba Inu (SHIB) Plunges Sharply, but This Analyst Says It’s the Beginning of a New Upswing?

Jakarta, Pintu News – The popular meme coin Shiba Inu (SHIB) is in a deep correction phase after several months of selling pressure. However, some analysts see that the SHIB price stabilizing at an important support area could be an indication that the token is forming a solid “base” for a possible next rally.

SHIB undergoes correction, but does not panic

The decline in the value of Shiba Inu in recent weeks reflects broader pressures in the crypto market, particularly on altcoins and meme coins. The price of SHIB fell quite sharply, touching a critical level that many technical traders view as the “bottom” area.

However, unlike the usual panic sell-off on a sharp drop, the transaction volume of SHIBs did not spike dramatically-signaling that SHIB holders are more likely to hold positions rather than sell at a loss. It also shows that community sentiment, although shaky, has not completely collapsed.

Also Read: Pi Network (PI) Token is Ready to Flood! What Happens If the Price Falls Below IDR6,500?

Potential Consolidation as Bullish Base

In a technical context, Shiba Inu is now trading in a horizontal consolidation pattern which can be interpreted as an accumulation process. Usually, this phase precedes major price movements, both upward and downward. However, if support can be maintained, then the opportunity for an upward breakout is promising.

This pattern indicates that SHIB may be waiting for a catalyst-either from the macroeconomy, the development of the Shibarium project, or the overall market sentiment. In an optimistic scenario, if SHIB manages to break the nearby resistance, the price could return to the psychologically important range of $0.00003.

Fundamental Factors Still Favorable

Although SHIB comes from the meme coin category, its development cannot be underestimated. The Shibarium project, a Layer-2 Shiba Inu ecosystem built on Ethereum, continues to develop and attract the interest of the DeFi and NFT communities.

Moreover, the large and active SHIB community remains a major strength of the project. If the overall crypto market conditions improve, then SHIB is one token that has great potential to rise faster due to its mass appeal.

Conclusion

Current conditions do show Shiba Inu under pressure, but not without hope. The consolidation phase below could be an important moment for the formation of a bullish base. As long as there are no additional major bearish triggers, SHIB still has a chance of bouncing back-as it has done in previous cycles.

Also Read: XRP is in Freefall! Is This a Sign of a Big Storm in the Crypto World?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• NewsBTC. Shiba Inu Crash To Calm – Is SHIB Forming A Base Below? Accessed June 3, 2025.
• Featured Image: Watcher Guru